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Tri City 1604-1618 Sibley Blvd

9,750 SF 100% Leased Retail Building Calumet City, IL 60409 For Sale

Executive Summary

The retail property at 1604-1618 Sibley Boulevard, encompassing 9,900 square feet, is strategically situated in the bustling Chicago suburb of Calumet City. This prime location on Sibley Boulevard, a corridor with a daily traffic count of 31,000 vehicles, ensures exceptional visibility and offers direct access to the I-94, enhancing its connectivity. Presently, the building boasts 100% occupancy, with a diverse tenant roster that includes professional office users and retailers serving the local community. For discerning investors, this asset represents a robust investment opportunity, characterized by its ability to generate strong cash flow from a stable base. The property’s advantageous positioning in a busy Chicago submarket further bolsters its potential for significant rental growth and underscores its redevelopment prospects. This combination of factors—strategic location, 100% occupancy, and redevelopment potential—makes the property an attractive proposition for those seeking to capitalize on the dynamic real estate landscape, offering both immediate returns and future growth opportunities.
Owner Termination Rights - Fast termination options would allow a buyer to capture new market opportunities in an inexpensive manner

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,750 SF
Building Class
C
Year Built
1969
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Land Acres
0.49 AC
Zoning
B
Parking
29 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
122 FT on Oglesby Ave

Amenities

  • Pylon Sign
  • Signage
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 29-12-227-026-0000
  • 29-12-227-027-0000
  • 29-12-227-031-0000
  • 29-12-227-029-0000
  • 29-12-227-025-0000
  • 29-12-227-028-0000
  • 29-12-227-030-0000
Land Assessment
$16,408
Improvements Assessment
$119,415
Total Assessment
$135,823
  • Listing ID: 33434744

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 1604-1618 Sibley Blvd, Calumet City, IL 60409

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